The Broncos and Britton Colquitt have agreed to rework their deal for the upcoming season, according to Jeff Legwold and Field Yates of ESPN.com (via Twitter). Colquitt had a 3.75MM cap figure and his salary will now be closer to $1.6MM, Legwold tweets.

Until the pay cut was agreed to, Colquitt had the ninth-highest salary cap figure on the Broncos for this season. The reworked contract, Yates tweets, will give Denver an additional $1.4MM in cap space. Colquitt, 30, has appeared in every regular season game for the Broncos over the last five seasons.